AVEVA Group plc (AVV) Rating Reiterated by J P Morgan Chase & Co
AVEVA Group plc (LON:AVV)‘s stock had its “neutral” rating reiterated by analysts at J P Morgan Chase & Co in a report issued on Wednesday. They presently have a GBX 2,800 ($36.83) price target on the stock. J P Morgan Chase & Co’s target price suggests a potential upside of 8.99% from the stock’s current price.
Several other brokerages also recently issued reports on AVV. Citigroup Inc. restated a “buy” rating and issued a GBX 2,805 ($36.89) price objective on shares of AVEVA Group plc in a research report on Thursday, October 12th. Berenberg Bank upped their price objective on AVEVA Group plc from GBX 1,800 ($23.67) to GBX 1,900 ($24.99) and gave the company a “hold” rating in a research report on Thursday, August 24th. Goldman Sachs Group, Inc. (The) upgraded AVEVA Group plc to a “neutral” rating and upped their price objective for the company from GBX 1,850 ($24.33) to GBX 2,400 ($31.57) in a research report on Wednesday, September 20th. Barclays PLC restated an “equal weight” rating on shares of AVEVA Group plc in a research report on Thursday, October 12th. Finally, Numis Securities Ltd upped their target price on AVEVA Group plc from GBX 1,840 ($24.20) to GBX 2,840 ($37.35) and gave the company an “add” rating in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 2,440.63 ($32.10).
Shares of AVEVA Group plc (LON AVV) opened at GBX 2,569 ($33.79) on Wednesday. AVEVA Group plc has a 12-month low of GBX 1,655 ($21.77) and a 12-month high of GBX 2,620.50 ($34.47).
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In other AVEVA Group plc news, insider Christopher Humphrey bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was purchased at an average cost of GBX 2,446 ($32.17) per share, for a total transaction of £24,460 ($32,171.51).
About AVEVA Group plc
AVEVA Group plc is a holding company. The Company provides engineering, design and information management software. It operates in three segments: Asia Pacific, Americas, and Europe, Middle East and Africa (EMEA). Its engineer products include AVEVA Diagrams, AVEVA Electrical, AVEVA Engineering and AVEVA Instrumentation.
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